Forest

OP Corporate Bank plc

Green bond transactions

Green Senior Unsecured (EMTN)
Issue date: 26 February 2019
Amount: €500 mn
Maturity: 5 years
Use of proceeds: renewable energy, green buildings, sustainable land use
ISIN code: XS1956022716
Series number: 230

Final Terms, 230 (EMTN Issues)

Green Senior non-preferred (SNP)
Issue date: 27 January 2022
Amount: €500 mn
Maturity: 5 years
Use of proceeds: renewable energy, green buildings, environmentally sustainable management of living natural resources and land use
ISIN code: XS2436853035
Series number: 262

Final Terms, 262 (EMTN Issues)

Green Bond Report

OP Corporate Bank's annual Green Bond Reports describe the businesses and projects financed with its proceeds, and the environmental impacts achieved. An Independent Limited Assurance Report by KPMG Oy Ab was published attached to the Green Bond Report.

Additionally, Sustainalytics has issued a Second Party Opinion Annual Review regarding the Green Bond Report.

 

Green Bond Framework 2022

In 2022, OP Corporate Bank published its updated Green Bond Framework in accordance with ICMA’s (International Capital Markets Association) Green Bond Principles (2021), and the associated independent Second Opinion by Sustainalytics. Under this Green Bond Framework, OP Corporate Bank plc may issue Green Bonds in various format, according to the prevailing terms described in the documentation. 

OP's Green Bond Framework includes 7 key eligible sectors for the use of proceeds:

  • Renewable energy
  • Transmission of energy
  • Energy efficiency
  • Green buildings
  • Pollution prevention and control (including Sustainable water management)
  • Environmentally sustainable management of living natural resources and land use
  • Clean transportation

For further information on OP's sustainability profile, green bond use of proceeds, process for project evaluation and selection, management of proceeds and reporting, please see attached OP Corporate Bank's Green Bond Framework.

OP Corporate Bank's Green Bond Framework, January 2022 (pdf)

OP has engaged Sustainalytics to act as an independent Second Opinion Provider (SOP) of OP’s Green Bond Framework.

Sustainalytics’ Second Opinion on OP Corporate Bank's Green Bond Framework, January 2022 (pdf)

Green Bond Framework 2018

Green Bond Framework 2018

Sustainalytics' Second Opinion on OP Financial Group's Green Bond Framework (pdf)

Green Bond Investor Presentations

OP Green Bond Investor Presentation (deal specific), January 2022 (pdf)
OP Green Bond Investor Presentation (deal specific), November 2018 (pdf)